Germany-based investment company Patrizia Immobilien's Board has announced the issue of 4.73 million new ordinary shares, equivalent to 9.98% of the company's share capital. The proceeds are intended to finance the recent and future portfolio acquisitions. No further details on the pricing of the capital increase were disclosed.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
